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Calculation

Property not qualified (GO Zone/168(k)/168(n))

GO Zone: Automatic calculation as not qualified

When there's no entry in the
GO Zone/168(k) (force)
 field in the
Asset Detail
 window's Other tab and the client is marked as located in the GO Zone in the
Setup
,
Options
,
Calculation
 tab, the following assets are automatically considered property that's not qualified for GO Zone bonus depreciation:
  • Assets placed in service before 8/28/05 or after 12/31/07.
  • Assets placed in service between 8/28/05 and 12/31/07 that depreciate using:
    • Any MACRS method with a life of 27.5 or higher.
    • MACRS SL ADS Life and MACRS 150% ADS Life over any life.
    • Amortization with any amortization section other than “167 - Computer software” selected in the
      Other
       tab of the
      Asset Detail
       window.
    • Straight-line, 125% DB, 200% DB, Years Digits, Units of Production, Memo, Land, or custom methods.

168(k): Automatic calculation as not qualified

When there's no entry in the
GO Zone/168(k) (force)
 field in the
Other
tab of the
Asset Detail
 window, the following assets are automatically considered property that is not qualified for section 168(k) bonus depreciation:
  • Assets placed in service before 9/11/01, or between 1/01/05 and 12/31/07, or after 12/31/14.
  • Assets placed in service between 9/11/01 and 12/31/04 or 1/01/08 and 12/31/19 depreciated using:
    • Any MACRS method with a life of 27.5 or higher.
    • MACRS SL ADS Life and MACRS 150% ADS Life over any life.
    • Amortization with any amortization section other than “167 - Computer software” selected in the
      Other
       tab of the
      Asset Detail
       window.
    • Straight-line, 125%DB, 200%DB, Years Digits, Units of Production, Memo, Land, or custom methods.

Disaster Area: Automatic calculation as not qualified

When there's no entry in the
GO Zone/168(k) (force)
 field in the
Other
 tab of the
Asset Detail
 window, and the client is marked as being located in a Disaster Area in the
Setup
,
Options
, then
Calculation
 tab, the following assets are automatically considered property that is not qualified for Disaster Area bonus depreciation:
  • Assets placed in service before 1/1/08.
  • Assets placed in service after 12/31/07 depreciated using:
    • Any MACRS method with a life of 27.5 or higher.
    • MACRS SL ADS Life and MACRS 150% ADS Life over any life.
    • Amortization with any amortization section other than “167 - Computer software” selected in the
      Other
      tab of the
      Asset Detail
       window.

GO Zone, Disaster Area, and 168(k): Forced calculation as not qualified

When
Prop not qualified (GO Zone/168(k)/168(n))
 is selected in the
GO Zone/168(k) (force)
 field in an asset's Other tab, the asset is considered to be property that's not qualified for bonus depreciation.

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